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Dogecoin Eyes Recovery After Extended Sell-Off

  • Dogecoin (DOGE) has experienced a significant price decline after a bull run, suggesting weakening momentum.
  • Technical indicators such as RSI and MACD show bearish signals, but oversold conditions may lead to a relief bounce.
  • Critical support levels for DOGE are at $0.16, and a break below could result in further downside towards new yearly lows.
  • To reverse the trend, DOGE would need increased trading volume and a broader market recovery.

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